Inc., which manufactures coil processing, stamping, forming and
fabricating equipment, has entered into an agreement to
purchase Roto-Die Inc.
Roto-Die makes hydraulic press brakes for sheet metal.
"Having common dealers and serving similar markets, Roto-Die
is a great fit for the Formtek Group," Darren Muchnicki,
president of Cleveland-based Formtek, said in a statement. "It
will be a great compliment to our Iowa Precision, Lockformer,
Engel, Lion and ISM products."